Rishi Sunak extends apprenticeship employer incentives
Written on 5th, October 2021
Employer apprenticeship incentives will now run until the end of January 2022.
Chancellor Rishi Sunak has extended the cash incentive for hiring a new apprentice. Employers who recruit apprentices between now and January 2022 are eligible for the bonus.
- Employers who recruit an apprentice aged 16-18 will receive an incentive of £4,000. This includes the usual £1,000 and an additional £3,000 from the government.
- Employers who recruit an apprentice aged 19 and over will receive a £3,000 government incentive.
In his speech for the Conservative Party Conference, Sunak said he is ready to do “do whatever it takes” to recover from the Covid-19 pandemic. The incentive aims to sway employers into recruiting apprentices to support and train those needed to get into full-time employment.
Since the employer incentive started, over 85,000 apprentices have been newly hired but we must continue to promote the service to help recover the economy post-pandemic.
Are you an employer looking to recruit a new apprentice? Here at Professional Training Solutions, we offer a variety of apprenticeships in: